Homeville offers a suite of technology-enabled products for housing finance built on open banking principles. Its three platforms are HomeCapital (down payment assistance), Bharat Housing Network (co-lending infrastructure for affordable housing finance), and HomeNxt (a B2C digital mortgage platform currently in beta). HomeCapital has facilitated about $250 million worth of housing sales. The company is building the software stack for a digital mortgage platform and says it pioneered India’s first down payment assistance programme for first-time buyers. Leadership highlights include founders Lalit Menghani, Madhusudan Sharma and Prasad Ajinkya, all IIM alumni. Investors and supporters describe Homeville as deepening credit rails and fintech infrastructure to accelerate housing access and broaden the housing finance market. HomeCapital operates a down payment assistance program that helps first‑time and millennial home buyers overcome the largest hurdle to purchasing a home. The company is headquartered in Mumbai and serves buyers in eight cities including Mumbai, Bangalore, Chennai, Pune and Kolkata. Proceeds from the recent investment will be used to expand operations and scale the company’s technology infrastructure. HomeCapital is piloting HomeNxt, an industry‑wide home loan co‑lending platform intended to facilitate credit flow to affordable housing and share lending infrastructure among housing finance companies. The product targets affordability and low savings challenges that are acute in large Indian cities due to rapid urbanization and a young workforce. Company leadership frames the service as a way to accelerate participation in India’s housing market as it expands toward the projected market size cited in the statement. HomeCapital, owned and operated by HomeVille Consulting Pvt Ltd, offers a network-based down-payment assistance product that provides first-time home buyers up to half of the required down payment at zero interest. The company routes assistance through partner financial institutions for projects listed on its platform. Founded in early 2017 by IIM Calcutta alumnus Lalit Menghani, the business validated its model and says it helped close to 500 users in the past eight months. HomeCapital plans to use new funding to expand its business, scale its technology infrastructure, and strengthen its workforce. Prior backing includes a seed round in October 2017 led by Venture Catalysts alongside several individual investors. HomeCapital provides an innovative financial structuring that assists first-time homebuyers with down payments at a zero percent interest rate. The company was founded by IIM Calcutta alumnus Lalit Menghani. To scale pan‑India, HomeCapital is pursuing deliberations and partnerships with leading financial institutions and housing finance companies. The startup plans to use the funds to develop its brand, scale its current infrastructure, and enhance its product. The funding was led by Venture Catalysts angels Anuj Golecha, Apoorv Ranjan Sharma, Gaurav Gandhi and others. Venture Catalysts typically invests ticket sizes between $100,000 and $500,000 in very early-stage startups.

Total raised

$7M

Funding rounds

4

Latest round

Equity

Latest activity

Sep 2021